IVV vs PDBC
iShares Core S&P 500 ETF vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Which is better, IVV or PDBC?
Large Cap Blend against Commodities.
IVV has a lower expense ratio. IVV led over 3Y and the full window, PDBC over 1Y and 5Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | PDBC |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.59% |
| AUM | $876.4B | $7.4B |
| Dividend Yield | 1.06% | 2.73% |
| Holdings | 508 | 54 |
| YTD Return | +11.03% | +49.10%Best |
| 1Y Return | +15.62% | +51.46%Best |
| 3Y Return (annualized) | +20.81%Best | +13.55% |
| 5Y Return (annualized) | +12.61% | +13.69%Best |
| Volatility (annualized) | 15.0%Best | 17.4% |
| Max Drawdown | -33.9%Best | -49.5% |
| $10,000 over 5 years | $18,109 | $18,994Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Commodity |
| Style | Large Cap Blend | Commodities |
| Inception | May 15, 2000 | Nov 7, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2014 to Sep 16, 2026 (11.9 years).
IVV vs PDBC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.9 years both funds cover.
IVV vs PDBC Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is an ETF from Invesco (US). Over the past year IVV returned +15.62% while PDBC returned +51.46%. Year to date, IVV is up 11.03% versus a gain of 49.10% for PDBC.
Over three years, IVV compounded at +20.81% per year against +13.55% for PDBC; over five years the annualized figures are +12.61% and +13.69% respectively. Across the full 12-year window we track, IVV has the edge at +12.39% annualized vs +4.88%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDBC has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.0% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -49.5% for PDBC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while PDBC charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 2.73% for PDBC.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 1 in PDBC, totalling 99.3% and 77.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 1 in PDBC, against full books of 508 and 54.
You are not choosing between two funds in isolation.
Whichever of IVV and PDBC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or PDBC?
IVV has an expense ratio of 0.03% while PDBC charges 0.59%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, IVV or PDBC?
Over the past year IVV returned +15.62% vs +51.46% for PDBC, so PDBC leads on 1-year performance. Over the longest common window we track (12 years), IVV annualized +12.39% vs +4.88% for PDBC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or PDBC?
PDBC has been the more volatile fund at 17.4% annualized versus 15.0% for IVV. Worst drawdown: IVV -33.9% vs PDBC -49.5%.
Should I hold both IVV and PDBC?
IVV and PDBC have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or PDBC?
IVV yields 1.06% while PDBC yields 2.73%, so PDBC currently pays the higher dividend yield.
Is PDBC better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, PDBC over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.